openPR Logo
Press release

Wave and Tidal Energy Market Trends and Opportunities | Pelamis Wave Power Ltd., AquaGen Technologies, Tenax Energy, Carnegie Wave Energy Ltd.

12-26-2018 08:42 AM CET | Energy & Environment

Press release from: TMR Research

Wave and Tidal Energy Market Trends and Opportunities | Pelamis

The global market for wave and tidal energy is on a path of a prosperous growth. The increasing consumption of electricity across the globe – both in established and emerging economies – is expected to substantially drive the overall development of the global market. Some of the other key factors responsible for the growth of the global wave and tidal energy market can be termed as the accelerated deterioration of the traditional resources of power such as natural gas, coal, and oil. Also, the increasing concerns about the excessive polluting nature of the techniques of energy production that consists these and other fossil fuels. The growing focus on the new developments in the techniques of power generation that are based on cleaner and more sustainable source of energy such as wave and tidal energy as well solar energy is also expected to provide a fitting answer to all the above mentioned problems and thus, drive the overall development of the global market for wave and tidal energy.

Get Brochure of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=1697

The global market for tidal and wave energy makes use of the effective strategies and techniques to make most of the one of the largest and unending source of energy – ocean and wind. These sources of energy are sustainable as well as environment friendly. The wave and tidal energy harnessing technology serves as two of the current times’ vital ways to make most of the inexhaustible resource of energy available to us.

Global Wave and Tidal Energy Market: Overview

With effective strategies and technologies, ocean could be used as one of the largest and inexhaustible sources of environmentally-neutral and sustainable energy. Wave and tidal energy technologies serve as two of the present times’ key ways of harnessing energy from oceans. Wave and tidal energy technologies are relatively new power generation technologies with significant scope for development in the near future.

As research and development activities focused on the commercial development of clean energy resources intensify, the two sectors are expected to witness significant market growth in terms of technological advancement and rise in terms of investment and installed capacity in the near future. However, owing to their emerging nature, further development of wave and tidal energy technologies requires constant support from government bodies in terms of subsidies and encouraging regulation.

Get Table of Content of the Report @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=1697

Global Wave and Tidal Energy Market: Trends and Opportunities

The rising consumption of electricity across developed, developing, and well as less-developed economies is undoubtedly the primary factor encouraging developments in the global market for wave and tidal energy. Other important factors driving the market include the shrinking banks of conventional power resources such as oil, natural gas, and coal, and the rising concerns regarding the highly polluting nature of energy production techniques that involve these and other fossil fuels. The increased focus on developing power generation techniques based on cleaner and sustainable energy sources such as solar power and wave and tidal energy is mostly an attempt to find a fitting solution to the aforementioned concerns.

Global Wave and Tidal Energy Market: Market Potential

The market for wave and tidal energy is treading along an encouraging growth path, Home to the world’s oldest commercial-sized tidal power plant, the market for wave and tidal energy in Europe continues to lead the way. The market in Europe is seeing an increased number of projects being announced or going live on an encouraging pace, with the highly anticipated Swansea Bay tidal lagoon in the U.K. and the MeyGen tidal array project in Scotland swiftly nearing completion. Owing to an impressive line-up of old and new projects, several potential sites capable of housing large-scale wave and tidal energy projects, and an encouraging regulatory framework, the Europe market is expected to present growth opportunities for companies operating in the wave and tidal energy market in the next few years.

Global Wave and Tidal Energy Market: Regional Overview

Europe is presently the leading contributor of revenue to the global market and is expected to witness significant developments in the next few years. South Korea is expected to lead in terms of the tidal barrage technology and is expected to add more capacity alongside the Shiwa Lake Tidal Power Station, presently the world’s largest tidal power station, to its wave and tidal energy output. Boasting only a few sites where tidal energy can be harnessed at a commercial and economical cost, the U.S. lags behind in the market with no commercial tidal plants till now. Developments in the area in Asia Pacific are expected to remain limited to mostly China and Australia.

Global Wave and Tidal Energy Market: Competitive Analysis

Despite being at a nascent stage of development, the global wave and tidal energy market features a fragmented competitive landscape. Over 200 companies presently function in the market, most of which have operations in the area of development of energy converter technologies. It is difficult to project whether or not the competitive landscape will achieve consolidation in the near future. However, for small companies to make a mark in the global market, strategic alliances with special purpose project companies would be imperative.

Read Comprehensive Overview of Report @ https://www.tmrresearch.com/wave-tidal-energy-market

Some of the leading players operating in the global wave and tidal energy market are Ocean Renewable Power Company LLC, Pelamis Wave Power Ltd., AquaGen Technologies, Tenax Energy, Carnegie Wave Energy Ltd., Atlantis Resources Ltd., Ocean Power Technologies, Inc., Aquamarine Power Ltd, Marine Current Turbines Ltd., and S.D.E. Energy Ltd. (WERPO Wave Energy).

About Us:
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Contact Us:
Rohit Bhisey
Head Internet Marketing
Tel: +1-415-520-1050
Email: sales@tmrresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Wave and Tidal Energy Market Trends and Opportunities | Pelamis Wave Power Ltd., AquaGen Technologies, Tenax Energy, Carnegie Wave Energy Ltd. here

News-ID: 1459678 • Views: 639

More Releases from TMR Research

Automotive Vision System Market Share and Growth Factors Impact Analysis 2021 - …
Automotive Vision System Market: Introduction A system that increases the vehicle driver's perception during night or bad weather conditions is termed as Automotive night vision system (ANVS). The system is otherwise beyond the reach of the vehicle's headlights, thereby prevents accidents at night. It can also be defined as a system which assists the driver by increasing visibility during bad whether while providing safety. Vehicle which have automotive vision system integrated are
Waste Heat Recovery Market Competitive Landscape Analysis with Forecast by 2031
Waste Heat Recovery Market: Snapshot The waste heat recovery market has been expected to reach a valuation of US$ 65.87 Bn and expand at a CAGR of 6.90% in the foreseeable years from 2020 to 2030. The growth opportunities in the waste heat recovery market are attributed to the increasing prices of electricity and energy in the emerging economies. In addition to this, government regulations and incentives are also estimated to contribute
Physical Fitness Equipment Market Current Trends and Future Aspect Analysis | Ma …
Global Physical Fitness Equipment Market: Snapshot The physical fitness equipment market has been expected to reach a valuation of US$ 14.8 Bn and expand at a CAGR of 3.3% in the foreseeable years from 2020 to 2030. The revenue generation opportunities in the physical fitness equipment market are attributed to the increasing enthusiasm among people toward fitness. In recent years, the fitness industry has been growing at a noticeable speed owing to
Molecular Spectrometry Market Competitive Analysis and Forecast 2021-2031 | Grow …
Global Molecular Spectrometry Market: Snapshot  Molecular spectrometry examines and quantifies the response of molecules on interaction with known amounts of energy. Molecules have some energy levels that can be studied by determining the molecule's energy exchange through emission or absorbance. Molecular spectrometry involves studying emission, absorption, or scattering of electromagnetic waves by atoms or molecules to quantitatively and qualitatively study atoms, molecules or physical processes. The interaction of matter with radiation

All 5 Releases


More Releases for Wave

Wave Sound Pro 2.0 Reviews: Important Update About Wave Sound Pro
For anyone who travels regularly or enjoys banging their head to the music, wireless headphones are a must-have. The days of tangled cords and clunky headphones are long gone; today, we have wireless earbuds that connect to your smart device quickly and without sacrificing music quality. The situation is made worse by the fact that there are so many earphones on the market that it's impossible to discern which ones are
Wave Power Generation Equipments Market 2021 Status and Growth Outlook - Pelamis …
The "Wave Power Generation Equipments" Market report offers qualitative and quantitative insights and a detailed analysis of market size & growth rate for all possible segments in the market. The Global Wave Power Generation Equipments Industry presents a market overview, product details, classification, and market concentration. The report also provides an in-depth survey of key players in the market which is based on various competitive intelligence parameters like company profiles,
Wave and Tidal Energy Market to Witness Huge Growth by 2026 | Marine Current Tur …
Advance Market Analytics published a new research publication on “Wave and Tidal Energy Market Insights, to 2026” with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Wave and Tidal Energy market was mainly driven by the increasing R&D spending across the world. Free Sample Report
Wave Energy Market Foreseen to Grow Exponentially by 2028 - AWS Ocean Energy, Ec …
Worldwide Wave Energy Market Analysis to 2028 is a specialized and in-depth study of the Wave Energy Industry with a focus on the global market trend. The report aims to provide an overview of global Wave Energy Market with detailed market segmentation by product/application and geography. The global Wave Energy Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status
Global Wave and Tidal Energy Market 2020 Business Strategies – Marine Current …
The Zion Market Research added a new report “Wave and Tidal Energy Market by Type (Tidal Energy, Wave Energy) by Technology (Tidal Steam Generator, Pendulor Device, Oscillating Water Columns, Barrage, Others), and by End-User (Residential, Commercial, Industrial): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024” in its database, which provides an expert and in-depth analysis of key business trends and future market development prospects, key drivers and restraints,
Wave and Tidal Energy Market: Wave Power Ltd., Carnegie Wave Energy Ltd., Ocean …
New York, February 14: Market Research Engine has published a new report titled as “Wave and Tidal Energy Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022” The wave and tidal energy market is expected to exceed more than US$ 10 billion by 2022 growing at a CAGR of more than 23.0% in the given forecast period 2014 to 2022. Browse Full Report: https://www.marketresearchengine.com/reportdetails/wave-and-tidal-energy-market Ocean power technology